Personal loans and personal lines of credit are two ways to borrow money that typically don’t require collateral. However, they’re functionally very different. A personal loan gives you a sum of money upfront and requires fixed monthly payments throughout your loan term. A personal line of credit, on the other hand, lets you withdraw as much cash as you need…
If you owe a lot of credit card debt, you probably already know the reasons why you need to pay it down. Paying off your credit card debt can save money and reduce stress. When you add in the fact that less credit card debt might boost your credit scores, it’s easy to see how eliminating your credit card debt is a smart idea…
Your employees and customers will know the difference
It’s a new year, and hopefully the marketplace will soon be returning to normal. So let’s take stock for a moment: are the profits your company is earning-;or will soon be earning-;good profits or bad?…
On the invisible tool belt that all business owners wear, there’s one section for financial analysis. If you dig in there, you’ll find metrics like contribution margin to help you price your manufactured goods. Today, we add one more gadget: prime costs.
Overview: What is a prime cost?…
Most entrepreneurs at least partially depend on the state of the economy for their businesses to thrive. During times of high consumer confidence, spending is higher, companies are willing to take more risks and most businesses are able to generate more revenue. But during times of hardship, it’s harder to get financing, revenue dries up and…
Youtuber Daniel Rose just posted this incredible GoPro video that isn’t his, but we’re sure the owner is just fine with that. Here is Rose’s explanation:
“So this happened.. We decided to go fishing and with the first cast of the night my sisters fishing rod pulls up a GoPro camera! I have made this video public so that it can be shared around so that hopefully the SD card…
Whether you’re a sole proprietor or own a thriving small business, preparing a business budget is sound financial management. While static budgets, or budgets that don’t change, can be helpful, preparing and using a working budget can be much more useful for small business owners, allowing them to make adjustments as they go along…